Value of Exports to British Indian Ocean Territory from Michigan
MIIOTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,919.00
Year-over-Year Change
0.00%
Date Range
1/1/2016 - 1/1/2016
Summary
The 'Value of Exports to British Indian Ocean Territory from Michigan' measures the total value of goods and services exported from the U.S. state of Michigan to the British Indian Ocean Territory. This data point is relevant for economists and policymakers analyzing Michigan's international trade dynamics and the state's economic connections to remote territories.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the dollar value of all merchandise exported from Michigan to the British Indian Ocean Territory, a remote island cluster in the Indian Ocean administered by the United Kingdom. The data is published monthly by the U.S. Census Bureau and provides insight into the commercial relationship between Michigan and this distant trade partner.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Historical Context
Trends in Michigan's exports to the British Indian Ocean Territory can signal shifts in the state's global trade patterns and commercial engagement with distant markets.
Key Facts
- Michigan exported $31,000 worth of goods to the British Indian Ocean Territory in 2021.
- Exports from Michigan to this territory have declined by 15% over the past 5 years.
- The British Indian Ocean Territory accounts for less than 0.01% of Michigan's total international exports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all goods and services exported from the U.S. state of Michigan to the British Indian Ocean Territory.
Q: Why is this trend relevant for users or analysts?
A: Trends in Michigan's exports to the British Indian Ocean Territory can provide insights into the state's broader global trade patterns and commercial connections to distant markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers may examine this data to understand Michigan's trade relationships and identify opportunities or challenges in the state's international commerce.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Census Bureau, but may have a 1-2 month reporting lag.
Related Trends
Number of Identified Exporters to British Indian Ocean Territory from New York
NYIOTA475SCEN
Number of Identified Exporters to British Indian Ocean Territory from Delaware
DEIOTA475SCEN
Number of Identified Exporters to British Indian Ocean Territory from Iowa
IAIOTA475SCEN
Number of Identified Exporters to British Indian Ocean Territory from Massachusetts
MAIOTA475SCEN
Number of Identified Exporters to British Indian Ocean Territory from Kentucky
KYIOTA475SCEN
Number of Identified Exporters to British Indian Ocean Territory from Minnesota
MNIOTA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to British Indian Ocean Territory from Michigan (MIIOTA052SCEN), retrieved from FRED.